Magnificent Mongolia! Also referred as to the Land of the eternal blue sky, Mongolia truly lives up to its name. From a historical and contemporary perspective this 1000 year empire is coming of age, thanks to a proactive government, a business friendly environment, foreign direct investment, a strong work ethic, the Mongols are looking up high. As the world's second largest landlocked country, Mongolia occupies a strategic position between two powerful nations, China in the South and Russia in the North. With rich untapped mineral reserves such as copper, coal, molybdenum, tin, tungsten and gold, Mongolia is forging ahead. Thanks to the mining boom fuelled by its neighbours, Russia and China there has been a huge influx of investments, businesses, trade, expatriates and surge in border and air traffic into and outwards from Mongolia. With over 30,000 independent businesses in Mongolia, primarily in the Capital City of Ulaan Baatar, China as its largest trading partner, well connected routes to key cities in Asia, Mongolia is proving to be a vital business hub with abundant opportunities. Prestige Supplies leveraged this huge opportunity by taking a first mover advantage. With further support from excellent partners, efficient government, fast growing retail and aviation sector, affluence from Russia and China, Mongolia sits firmly on the shoulders of giants. This rapidly growing potential has allowed Prestige Supplies to not only develop its wholesale business, but expand the existing retail facilities. Over the next year, a number of new Prestige Duty Free facilities at other border crossings are slated to open, and they too should prove very popular with customers. In lieu of the above it is clearly visible that the region is not fulfilled to its full potential, which only confirms the opportunity and value offered by Mongolia. We at Prestige truly believe opportunities are not born, but created.
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